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  • The heat is on across Central Florida July 28, 2014
    The heat is on for us as we kick off the workweek. Relief will be limited as rain chances for today will remain very low. […]
  • Orlando based Darden Restaurants finalizes sale of Red Lobster July 28, 2014
    Red Lobster wants to be seen as a purveyor of quality seafood, so it's getting rid of some of its promotional discounts and plating dishes higher like fancier restaurants.
  • Weather Forecast July 28th, 2014 July 28, 2014
    The heat is on for us as we kick off the workweek. Relief will be limited as rain chances for today will remain very low. Daytime highs climb well into the mid 90's this afternoon with heat index values in the triple digits. Only a few isolated showers and storms are expected with coverage only in about the 20% range. Warm, muggy and calm overnight with […]
    Molly Rosenblatt
  • Florida voters approve of medical marijuana July 28, 2014
    Florida voters overwhelmingly support the idea of legalized medical marijuana according to a Quinnipiac University poll.
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Author Archive

Space Shuttle Atlantis Stays Home!

By Barbara Zorn

With the space shuttle program on its last phases before total retirement there have been a lot of museums vying for these historical space crafts. In June Atlantis will fly its last mission and it will come home to Kennedy Space Center. Shuttle Discovery will go the Smithsonian Institution’s Air & Space Museum in Washington D.C. Right now the Smithsonian has the enterprise which is a full scale model. Shuttle Discovery will replace the enterprise. The final shuttle, Endeavor will go to the California Science Center in Los Angeles.

Brevard County Florida is affectionately known as the Space Coast. There is a lot of local pride for all the years that Americans have been exploring space. It is a great honor to have one of the many space crafts housed here for future generations to enjoy. If you have never been to Kennedy Space Center and the rocket garden it needs to go to the top of your bucket list. In the fall we hope to have Shuttle Atlantis join Redstone, Atlas and Titan rockets along with Mercury, Gemini and Apollo capsules.

I am proud to say I am a Space Brat, having been born and raised on the Space Coast of Florida. If you have never experienced a launch it is a once in a lifetime experience and each launch is so uniquely different from the previous one. The target date for STS-135 which is Atlantis last mission is June 28, 2011. There are always car and press passes to get up close and personal but sitting on the beach or along the Banana or Indian River are just as spectacular.

Barbara Zorn is a Brevard County Native who works with Prudential Star Real Estate.

When and How You Should File for Bankruptcy

By Andrew Jackson

Are you thinking to file for bankruptcy If yes, then you need to know about all the alternatives that are available for you. There are several benefits to file bankruptcy for many people where as for the others, this may seem to be their last option. If you have already mounted up huge amount of debt and the creditors are calling you repeatedly for the debt payments, then what are you planning to do in such a situation You should make it a point to find out what you can do to eliminate debts soon. Read on to know about the different bankruptcy types and when you may file for it.

Chapter 7

Chapter 7 bankruptcy manages the liquidation process. Liquidation is when an individuals or a company’s possessions are dissolved and can be compulsory. When any business files for Chapter 7 bankruptcy, a trustee is hired to overlook the liquidation method. The trustee sells the debtors assets and continues to sell the assets for paying off the creditors. You need to pass the means test so that you may be able to qualify for this kind of bankruptcy. When any individual files for Chapter 7 bankruptcy, he/she can keep the property that is exempted from liquidation. Certain debts that are not eligible as allowable exemptions, consist of home mortgage, student loans and child support.

Chapter 9

Chapter 9 bankruptcy offers same kind of security to the governmental agencies like the municipalities, tax districts, cities, counties, towns, school districts and villages. In case a municipality is not able to pay off its outstanding debts, some steps are taken against them like increasing the tax.This kind of bankruptcy is available only to a “political subdivision of the state.” The agency may put forward a repayment plan to the bankruptcy court in their area. The agency needs to pass on the plan before it actually becomes effective. You need to know that this kind of bankruptcy protects the assets of the agencies since there arent any provision for disbursement of the assets or proceeds from the assets.

Chapter 11

Chapter 11 bankruptcy is generally used by the corporations, business owners or partnerships so that they may be able to reorganize their own business. The restructure enables an entity or a business to carry on with the practices while establishing a structured payment plan to pay off the present debts as well as the creditors. You have 120 days time for filing a repayment plan under the bankruptcy petition. The court may decrease or increase the time period depending upon the status of the individual status. The extensions cannot go beyond the total timing of 18 months. Once this period gets over, the creditor may file for a competing plan.

Chapter 13

In a Chapter 13 bankruptcy, you have a repayment plan that enables you to reduce the outstanding debts. The repayment plan explains how you will be able to pay off all the debts. You do not need to have any official form for this plan, however there are many courts that have their forms. You must repay some debts entirely. These debts are also called priority debts. You need to know that these debts include alimony, employees salary, support for the child and certain tax obligations. Besides this, the repayment plan should include the payments that you are going to make on secured debts such as car or mortgage loan on a daily basis.

These are some different types of bankruptcy that will enable you to know when and how you may file for them.



Have We Hit Bottom?

Supply is at an all time low. The number of properties sold is up year to date and has been up for the past 2 years especially in the condominium market. This year 22% more condominiums have been sold since the end of September compared to the end of September last year. With unemployment for Brevard County at 11.7% why are homes and condominium sales picking up? The answer is two—fold. Condominium financing has become more readily available and interest rates are hovering around 4%. Plus condominium and home prices have decreased to an unprecedented low. Why do you think Donald Trump is investing in real estate at this time? Is it time for you to be considering a move?

Have We Hit Bottom?

Supply is at an all time low. The number of properties sold is up year to date and has been up for the past 2 years especially in the condominium market. This year 22% more condominiums have been sold since the end of September compared to the end of September last year. With unemployment for Brevard County at 11.7% why are homes and condominium sales picking up? The answer is two—fold. Condominium financing has become more readily available and interest rates are hovering around 4%. Plus condominium and home prices have decreased to an unprecedented low. Why do you think Donald Trump is investing in real estate at this time? Is it time for you to be considering a move?

Brevard Heart Walk

The Brevard Heart Walk to benefit the American Heart Association was held on September 17,2011 at the Space Coast Stadium.





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Brevard Stocks
HRS72.37  chart-0.32
NEE99.58  chart+1.13
SCCU0.00  chartN/A
STI38.68  chart-0.40
2014-07-28 16:01
Brevard Poll
Favorite Brevard Restaraunt
Where is your favorite restaraunt in brevard county?
Fish Lips
Dixie Crossroads
Tokyo Steakhouse
Makotos
Bizzaros
Rustys
Thai Thai III Sushi Bar
Taiho Japanese Restaraunt
RiverRocks
Tip A Few Tavern & Grille
La Estancia De Lusia
Seafood Atlantic
Matt's Casbah

37 people voted

  • Fish Lips

    %16

  • Dixie Crossroads

    %24

  • Tokyo Steakhouse

    %0

  • Makotos

    %14

  • Bizzaros

    %5

  • Rustys

    %19

  • Thai Thai III Sushi Bar

    %19

  • Taiho Japanese Restaraunt

    %0

  • RiverRocks

    %0

  • Tip A Few Tavern & Grille

    %0

  • La Estancia De Lusia

    %3

  • Seafood Atlantic

    %3

  • Matt's Casbah

    %0

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